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Jan 22, 2013
01/13
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let's turn to the debt ceiling -- >> oh, we have a debt problem? lou: republicans make a a move to ends the nonsense. i hope you tell me tonight there's no discussion by the republicans whatsoever of shutting down the government, that this is going to stay positive and move forward. >> all i want is spending under control. that's what we campaigned on because we are bankrupting this nation. we cannot continue on this path. lou: congressman, we talked for years. >> sure. lou: i have heard that speech to the point that it makes me think you d't realize while you're in the majority, conservative republicans -- >> thank you. lou: that you don't realize fully that you're in a majority of a house that is only one-third of government. >> oh, listen, i get it, but nothing that raises revenue, nothing that provides money to any part of our government gets there unless the majority in the house pass it. lou: right. >> lou, that's leverage to bring spending under control. we've just finished two years where every fight we came up to, we were told, you know wh
let's turn to the debt ceiling -- >> oh, we have a debt problem? lou: republicans make a a move to ends the nonsense. i hope you tell me tonight there's no discussion by the republicans whatsoever of shutting down the government, that this is going to stay positive and move forward. >> all i want is spending under control. that's what we campaigned on because we are bankrupting this nation. we cannot continue on this path. lou: congressman, we talked for years. >> sure. lou: i...
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Jan 22, 2013
01/13
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they are teeing off this new debt ceiling bill. john boehner will be housing a meeting with key republican leaders at 5:00 p.m. eastern time. >> reporter: >> that's coming up and john harwood is here with a preview before that meeting. >> reporter: interesting to see how john boehner describes it, but there are some signs that the whole debt ceiling threat as a source of instability for markets and the economy may be melting away before our eyes. house republicans are going to take up a bill tomorrow afternoon to extend the debt ceiling, not just to april 15, but to may 18. they are going to do it with a mechanism that would allow them in effect to suspend the debt ceiling, not even to raise it making it easier for conservatives to vote for it and senate democrats say they plan to take up that proposal and expect to pass it by an overwhelming margin sometime within the next week or so. now, jay carney at the white house today for his part said we wouldn't a longer term extension than that but the president is not going to block thi
they are teeing off this new debt ceiling bill. john boehner will be housing a meeting with key republican leaders at 5:00 p.m. eastern time. >> reporter: >> that's coming up and john harwood is here with a preview before that meeting. >> reporter: interesting to see how john boehner describes it, but there are some signs that the whole debt ceiling threat as a source of instability for markets and the economy may be melting away before our eyes. house republicans are going to...
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Jan 23, 2013
01/13
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there's a new debt ceiling plan from speaker john boehner and the house republicans that could force senate democrats to finally show their hand and pass a budget. plus it's only day four of president obama's second term, but joe biden is already commenting on possibly running for the top job himself in 2016. we'll show you what he said in a minute. first the new developments in the debate over guns in america. the national rifle association last night delivered a sharp response to president obama's inaugural address. speaking in reno, nevada, way waywayn wayne lapierre lashed out at one word from president obama. >> we cannot mistake absolutism, or treat name calling as reasoned debate. >> obama wants to turn the idea of absolutism into a dirty word, just another word for extremism. he wants you, all of you, and americans throughout all of this country, to accept the idea of principles as he sees fit. it's a way of redefining words so that commonsense is turned upside down and that nobody knows the difference. >> lapierre vowed not to give ground on gun control including efforts to
there's a new debt ceiling plan from speaker john boehner and the house republicans that could force senate democrats to finally show their hand and pass a budget. plus it's only day four of president obama's second term, but joe biden is already commenting on possibly running for the top job himself in 2016. we'll show you what he said in a minute. first the new developments in the debate over guns in america. the national rifle association last night delivered a sharp response to president...
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Jan 27, 2013
01/13
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. >> reporter: there will be several skirmishes where the republicans can try out their focus, debt ceiling, and automatic spending cuts set to kick in august 1. but don't count on up compromise. >> we think the sequesters will happen. >> reporter: congressman paul ryan says he's not encouraged by president obama's words so far. >> i decided to not comment between the election and inauguration because i wanted to see what kind of president we're looking at, what kind of path he was putting his administration on. and all of the statements and all the comments lead me to believe he's thinking more of a political conquest than compromise. >> reporter: democrats have been talking the hard line on revenues and gun control. yet on immigration, there seems to be at least a small agreement. >> we are trying to work our way through some very difficult issues. but we are committed to a comprehensive approach to finally in this country have an immigration law that we can live with. >> it's my hope we'll come up with a bipartisan solution. i do think enforcement has to be a big part of it. but again, i
. >> reporter: there will be several skirmishes where the republicans can try out their focus, debt ceiling, and automatic spending cuts set to kick in august 1. but don't count on up compromise. >> we think the sequesters will happen. >> reporter: congressman paul ryan says he's not encouraged by president obama's words so far. >> i decided to not comment between the election and inauguration because i wanted to see what kind of president we're looking at, what kind of...
WHUT (Howard University Television)
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Jan 24, 2013
01/13
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[applause] i'm trying to imagine -- we talked earlier about the fiscal cliff and debt ceiling. it is clear there is legislative gridlock in this town. what happens in the months to come with this kind of gridlock -- we already see the battle lines being drawn about what is to happen when these entitlements did on the table with in march. what happens to the poor as you see it in the coming months? >> let me first say, thank you so much for allow me to be part of this conversation. i am happy that you have been carrying on this kind of conversation over the last few years. let me try and see if i can put something in context for you -- i think that is something we never really talk about. a lot of this fiscal cliff stuff is really smoke and mirrors -- when you sit back and realize the largest portion of the debt of this country is really three things -- one is two wars we never paid for, what is a medicare part that we never paid for, and the other part is the bush tax cuts. those of the largest portions of the debt of this nation. what they're trying to do now by cutting what y
[applause] i'm trying to imagine -- we talked earlier about the fiscal cliff and debt ceiling. it is clear there is legislative gridlock in this town. what happens in the months to come with this kind of gridlock -- we already see the battle lines being drawn about what is to happen when these entitlements did on the table with in march. what happens to the poor as you see it in the coming months? >> let me first say, thank you so much for allow me to be part of this conversation. i am...
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Jan 22, 2013
01/13
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>> they took a baby step with this debt ceiling thing saying you pass a budget. the next step is to say, okay, as part of a program of fiscal responsibility, we have to do something about this going forward. the reality is, republicans do not have much leverage. they lack the courage of their own convictions. they are scared silly because they think they will lose elections that way. dagen: what is the game plan down the road, though? will they just wait until we are on the verge of these programs starting to run out of at least some money and then they will raise taxes on wealthier people to fund them? there has to be a long game plan >> you are talking about these politicians acting like adults and thinking long-term. i do not think there is a long-term game plan when it comes to dealing with entitlements. connell: paul krugman wrote a big piece about that. we do not have to do with it now, just put it off. >> just think about the debate that we are having right now. democrats are saying we need to raise taxes for government spending. it is medicare, social sec
>> they took a baby step with this debt ceiling thing saying you pass a budget. the next step is to say, okay, as part of a program of fiscal responsibility, we have to do something about this going forward. the reality is, republicans do not have much leverage. they lack the courage of their own convictions. they are scared silly because they think they will lose elections that way. dagen: what is the game plan down the road, though? will they just wait until we are on the verge of these...
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Jan 24, 2013
01/13
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the house averted the debt ceiling fight. at least some republicans. 33 members of the house gop still broke rank. by averting, we, of course, mean punting the ticking time bomb three months down the road. >> another 90 days away so we can continue to royle this congress, this country, our people, and our economy. >> we should not even be having a debate. it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution says. >> the gimmick nature of this whole thing i won't elaborate on, has been done before. >> either way, the passage of this bill has allowed lawmakers to skip from brinkmanship to probably more brinkmanship. looming just over the horizon is a budget battle that could shut down the government and automatic steep spending cuts that could cost thousands of jobs. welcome to the new normal in washington. joining us now from davos, switzerland, is cnbc's squawk box co-host "new york times" columnist and author of too big to fail, andrew ross sorkin. it is
the house averted the debt ceiling fight. at least some republicans. 33 members of the house gop still broke rank. by averting, we, of course, mean punting the ticking time bomb three months down the road. >> another 90 days away so we can continue to royle this congress, this country, our people, and our economy. >> we should not even be having a debate. it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution...
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Jan 22, 2013
01/13
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. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. we realize the president won the election. >> reporter: republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view a budget vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity. in our budget that we will pass we'll have tax reform, which many colleagues like but it will include revenues. >> reporter: the house is expected to approve the debt limit increase tomor
. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. we realize the president won the election. >> reporter: republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve...
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Jan 24, 2013
01/13
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ceiling. >> thanks so much, bill. we are talking economy and politics with representative eric cantor right now, and representative, great to have you on the program. >> great to be here with you. >> thank you so much for joining us. >> let's get right to t.yesterday or this week rather the house passed a debt limit extension until mid-may. what does that buy us? >> well, what is buys us is a time for this debate about borrowing and spending to really develop into what i hope will be a robust discussion that will yield some results. we know that for almost four years the united states senate has not passed a budget, and that's part of the problem that's been contributing to the out-of-control spending in washington, and what we've said is we will extend the debt ceiling for three months to allow time for the united states senate to write a budget so we can then begin the discussions on how we're going to repay this money that we're going to borrow as well as begin to manage down the debt long term. >> what's the reali
ceiling. >> thanks so much, bill. we are talking economy and politics with representative eric cantor right now, and representative, great to have you on the program. >> great to be here with you. >> thank you so much for joining us. >> let's get right to t.yesterday or this week rather the house passed a debt limit extension until mid-may. what does that buy us? >> well, what is buys us is a time for this debate about borrowing and spending to really develop into...
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Jan 29, 2013
01/13
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that pushes the debt ceiling to may 18th. the back end of number of cliffs upcoming in the calendar. look here at the government deadlines the congress and white house are facing right now. first, march 1st are the automatic spending cuts known as the sequester. they begin to hit the federal budget. that is something that takes place over the course of the year and is gradual. march 27th, that is when government spending runs out. or a large chunk of it. if there is no agreement on that, that could shut down the federal government. you're looking at debt ceiling all the way on may 18th. congressional aides saying treasury is telling them pause of extraordinary measures they can use, this pushes the debt ceiling day back to sometime this summer perhaps if this is a bill that clears congress and the senate is going to consider it the next couple of days and likely it does pass of the because the debt ceiling is pushed off and the next real fast deadline is march 27th, that government spending deadline, analysts say that increas
that pushes the debt ceiling to may 18th. the back end of number of cliffs upcoming in the calendar. look here at the government deadlines the congress and white house are facing right now. first, march 1st are the automatic spending cuts known as the sequester. they begin to hit the federal budget. that is something that takes place over the course of the year and is gradual. march 27th, that is when government spending runs out. or a large chunk of it. if there is no agreement on that, that...
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Jan 22, 2013
01/13
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. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised, a move the president has demanded. >> it's believe it's a recognition of political reality. we realize the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> senate democrats view a vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity for us, because in our budget that we will pass, we will have tax reform which many of my republicans like but it will include revenue. >> the increase will likely happen tomorrow. >>> one other provision of the debt limit
. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised, a move the president has demanded. >> it's believe it's a recognition of political reality. we realize the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt...
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Jan 24, 2013
01/13
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the debt ceiling is going up, we know that. the fiscal cliff was afraided. -- avoided. one presidential advisor says it is time for washington to do the real work to boost the economy. ed lazear is here next. tracy: nasdaq ceo bob greifeld weighs in on the new york stock exchange plans to tie up with nasdaq's former partner ice. liz claman talks with him in davos. that is coming up. first as we do every day at this time of day, let's look how oil is trading, up, just under 1%. $96 a barrel even. we'll be right back what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur
the debt ceiling is going up, we know that. the fiscal cliff was afraided. -- avoided. one presidential advisor says it is time for washington to do the real work to boost the economy. ed lazear is here next. tracy: nasdaq ceo bob greifeld weighs in on the new york stock exchange plans to tie up with nasdaq's former partner ice. liz claman talks with him in davos. that is coming up. first as we do every day at this time of day, let's look how oil is trading, up, just under 1%. $96 a barrel...
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Jan 23, 2013
01/13
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it could be a key to the house vote today on the debt ceiling battle. nancy cortes is on capitol hill. good morning. >> reporter: good morning. that vote is set to take place in the next couple hours. this is the week we thought the big fight over raising the debt ceiling was going to get under way. that's something senate democrats haven't managed to do since 2009. no budget, no pay. that is the message from the house republican leader. >> americans believe if you don't do your job, you shouldn't get paid. that's the basis for no budget, no pay. >> reporter: the bill they will be voting on today calls for a temporary suspension of the debt ceiling until mid-may, but it requires the house and senate to craft budgets by april while members' salaries will be held in escrow. paul ryan explains the strategy. >> in the house, democrats and republicans have been leading by offering budgets and offering alternatives. the senate hasn't even done that. all we're saying is let's get the senate in here to do that to see how we're going to figure out the problem no
it could be a key to the house vote today on the debt ceiling battle. nancy cortes is on capitol hill. good morning. >> reporter: good morning. that vote is set to take place in the next couple hours. this is the week we thought the big fight over raising the debt ceiling was going to get under way. that's something senate democrats haven't managed to do since 2009. no budget, no pay. that is the message from the house republican leader. >> americans believe if you don't do your...
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Jan 22, 2013
01/13
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there's very little by way of relationships across the aisle and we ran up to a break of the debt ceiling crisis in compromise was reached, retaining the half. we sat by focusing on the problem of congress whose popularity is at all-time lows. you can account for the 9% popularity by blood relatives and paid staffer. with that by on congress, we could diagnose the problem for how to overcome it. >> host: was one of those prescriptions? >> guest: one of those prescription is very simple, which is congressmen need to exercise leadership by putting aside the campaigning long enough to govern. and uncompromising mindset. in order to do that, they have to spend more time in washington, less time raising money and people say that's going to hurt them in the next election. what we sais politicians didn't enter politics just to be stand on principle. few people think politicians are attracted to politics because they were the most principled people in a population. they retracted because they want to govern. leadership takes relationships. we have this phrase, which is familiarity breeds the tom.
there's very little by way of relationships across the aisle and we ran up to a break of the debt ceiling crisis in compromise was reached, retaining the half. we sat by focusing on the problem of congress whose popularity is at all-time lows. you can account for the 9% popularity by blood relatives and paid staffer. with that by on congress, we could diagnose the problem for how to overcome it. >> host: was one of those prescriptions? >> guest: one of those prescription is very...
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Jan 23, 2013
01/13
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punting the debt ceiling. a vote is going to go through today. >> punting it down three more months. >> hal: a three-month wait to deal with -- >> because why get done today what you can put off? >> hal: because people are still glowing in the aftermath of the inauguration. people are still recognizing the president -- their message that the president isn't interested in deficits and handling it because he did mention it in his inauguration. he did mention doing in a balanced approach and the american people agree with him on that part. so if they have to act on it in the next week, people are still that much engaged. they're hoping in three months the american public will disengage enough for them to create another false narrative. >> so when we talk about rating the debt ceiling. we've already racked up the bills and we have to pay them. that's an obvious -- that's the fact. >> hal: right. >> they like to combine the two right and make it about future spending and paying off the bills. the president says it
punting the debt ceiling. a vote is going to go through today. >> punting it down three more months. >> hal: a three-month wait to deal with -- >> because why get done today what you can put off? >> hal: because people are still glowing in the aftermath of the inauguration. people are still recognizing the president -- their message that the president isn't interested in deficits and handling it because he did mention it in his inauguration. he did mention doing in a...
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Jan 24, 2013
01/13
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ceiling, which is why 2013 is a make or break. >> reporter: if those decisions are postponed again? >> well, it will be pushing the can down the road yet again, which was a reproach that we made against the europeans, and i don't think that the u.s. should fall in that trap. >> reporter: lagarde said governments and legislators can't be allowed to let up or slip back, that we can't go back to business as usual. >> pelley: anthony, thank you very much. democratic senator dianne feinstein of california introduced legislation today to reinstate the federal ban on assault weapons, but she acknowledged that supporters face an uphill battle. nancy cordes is at the top of that hill tonight in washington. nancy. >> reporter: scott, the bill that she and other democrats spruced today is even tougher than the assault weapons ban that congress let lapse back in 2004. this bill would ban the sale of 157 different military-style firearms. flanked by police officers, doctors, and mayors, senator dianne feinstein of california made her case today for banning the types of weapons used to carry out
ceiling, which is why 2013 is a make or break. >> reporter: if those decisions are postponed again? >> well, it will be pushing the can down the road yet again, which was a reproach that we made against the europeans, and i don't think that the u.s. should fall in that trap. >> reporter: lagarde said governments and legislators can't be allowed to let up or slip back, that we can't go back to business as usual. >> pelley: anthony, thank you very much. democratic senator...
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Jan 27, 2013
01/13
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now, we must negotiate the debt ceiling. high unemployment, social unrest. again, we learned from the mountain. baby steps to build confidence. >> if we ski slowly, we feel what we are doing and then we get confident and we get faster and faster. >> reporter: but economic growth seemingly won't go faster. there's always the risk in the global economy that something goes wrong. snowboarders are like central bankers. they have their own way of shredding down the mountain. for bankers, it means printing money. it's brutal economics. >> what's the secret to snowboarding? >> don't be scared. >> reporter: you pick up speed too quickly and you end up falling over. >> come on. that's why you need to move.
now, we must negotiate the debt ceiling. high unemployment, social unrest. again, we learned from the mountain. baby steps to build confidence. >> if we ski slowly, we feel what we are doing and then we get confident and we get faster and faster. >> reporter: but economic growth seemingly won't go faster. there's always the risk in the global economy that something goes wrong. snowboarders are like central bankers. they have their own way of shredding down the mountain. for bankers,...
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Jan 28, 2013
01/13
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and we have sort of the best to come yet because we haven't decided on the debt ceiling and spending. and so this is where we really need leadership, which we were used to. i tend to be an optimist about the united states because people gave up on us on vietnam, on the watergate crisis, and we came charging back. i think we will do here. but it would be nice if we didn't have to go to the cliff each time to do it. >> and again, when you start talking about the kind of relationships and the kind of leadership, you know, we still seem to have this atmosphere where people talk more at each other than trying to find some common ground, some common goal in getting it down. you broach the whole growth of growth and jobs, and that is the answer to all of us. you also talk a lot about contagion on this one. we all sensed that if the european situation got worse, and they represent 23% of world gdp, the effect it's going to have on the united states, india, brazil, it's going to be real. and so with 40% of export coming here to the united states and so forth, all of a sudden we started to see
and we have sort of the best to come yet because we haven't decided on the debt ceiling and spending. and so this is where we really need leadership, which we were used to. i tend to be an optimist about the united states because people gave up on us on vietnam, on the watergate crisis, and we came charging back. i think we will do here. but it would be nice if we didn't have to go to the cliff each time to do it. >> and again, when you start talking about the kind of relationships and...
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Jan 22, 2013
01/13
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they will hit the debt ceiling mid-february. this pushes this whole thing back a couple months. doug mckelway is live in washington with the story. doug, surprise, surprise, right? >> reporter: surprise, surprise, martha. this is the no budget, no pay bill. it would suspend the debt limit until may 19th at which time the debt limit would automatically increased beyond the present $16.4 trillion to accommodate whatever the u.s. borrowed at that time. it makes the extra borrowing contingent upon this. if either chamber of congress fails to pass a budget by april 15th. all income earned by members of that respective chamber would be settle aside. no budget, no pay. republicans ha been frustrated by the senate's failure to pass a budget the last four years. in his inaugural address yesterday some say the president set a not so conciliatory tone about the debt ceiling and other impasses with the gop-controlled house. >> we can not mistake absolutism for principle or substitute speckel for politics, or treat name-calling as reasoned debate. >> reporter: couple blocks away at a breakfa
they will hit the debt ceiling mid-february. this pushes this whole thing back a couple months. doug mckelway is live in washington with the story. doug, surprise, surprise, right? >> reporter: surprise, surprise, martha. this is the no budget, no pay bill. it would suspend the debt limit until may 19th at which time the debt limit would automatically increased beyond the present $16.4 trillion to accommodate whatever the u.s. borrowed at that time. it makes the extra borrowing contingent...
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Jan 27, 2013
01/13
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CNN
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now, we must negotiate the debt ceiling. high unemployment, social unrest. again, we learned from the mountain. baby steps to build confidence. >> if we ski slowly, we feel what we are doing and then we get confident and we get faster and faster. >> reporter: but economic growth seemingly won't go faster. there's always the risk in the global economy that something goes wrong. snowboarders are like central bankers. they have their own way of shredding down the mountain. for bankers, it means printing money. it's brutal economics. >> what's the secret to snowboarding? >> don't be scared. >> reporter: you pick up speed too quickly and you end up falling over. >> come on. that's why you need to move. >> reporter: why do you like snowboarding? you go too fast too quickly and fall over. >> not necessarily. >> reporter: perhaps the best lesson to be learned in managing risk comes from the cross country skier. those hardy experts of slow, steady progress taking huge amounts of energy. >> you need to be fit with the whole body, not only parts of your body. >> you ma
now, we must negotiate the debt ceiling. high unemployment, social unrest. again, we learned from the mountain. baby steps to build confidence. >> if we ski slowly, we feel what we are doing and then we get confident and we get faster and faster. >> reporter: but economic growth seemingly won't go faster. there's always the risk in the global economy that something goes wrong. snowboarders are like central bankers. they have their own way of shredding down the mountain. for bankers,...
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Jan 22, 2013
01/13
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joining us now on set to talk equity market structure, and the debt ceiling. jeff solomon cowen & company ceo. let's start with, i'm intrigued now. equity market structure. what are you going to talk about now? how do you want to talk about that? >> well, i think, i mean, we've been talking for a little over a couple of years about how crazy the equity market structure has gotten in terms of fast speeding, electronic trading, high frequency trading and how basically we've gotten away from fundamental investing in the equity markets. and so, there's a movement afoot, later on, actually beginning of next month, to have a roundtable discussion at the s.e.c. about a widening tick increments, adding bid offer spreads for small cap stocks and a way to try to drive liquidity back into the small cap market. >> my question is, if we did see a return of the individual investor and just more interest in the stock market, i argue was very low, still, even though we're getting close to highs on the -- >> i agree. >> i still think it's low. wouldn't that solve a lot of the
joining us now on set to talk equity market structure, and the debt ceiling. jeff solomon cowen & company ceo. let's start with, i'm intrigued now. equity market structure. what are you going to talk about now? how do you want to talk about that? >> well, i think, i mean, we've been talking for a little over a couple of years about how crazy the equity market structure has gotten in terms of fast speeding, electronic trading, high frequency trading and how basically we've gotten away...
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Jan 27, 2013
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a lot of debates over the debt ceiling. the republicans, you heard bobby jindal saying we have to stop being the stupid party. i think they are trying to figure out how do we avoid talking about the 47%. republicans are looking to change their tone for elections in 2014 and 2016. in terms of the politics on the fiscal stuff and the politics, the fight is the same. republicans don't want to raid taxes. the president wants to cut spending less severely. same fight we have seen. >> you see it the same way, same old, same old. >> it is a fight that will don't happen. they are starting to position themselves and republicans are looking to 2016 to say we are going to change what has happened and jindal signalled that in his speech earlier this week. >> perry, another topic, gun violence, no doubt we have been since newtown. there are going to be hearings on capitol hill this week. patrick leahy, he has five witnesses. the list has come out who he is going to have talking about gun violence and someone that a lot of people are fam
a lot of debates over the debt ceiling. the republicans, you heard bobby jindal saying we have to stop being the stupid party. i think they are trying to figure out how do we avoid talking about the 47%. republicans are looking to change their tone for elections in 2014 and 2016. in terms of the politics on the fiscal stuff and the politics, the fight is the same. republicans don't want to raid taxes. the president wants to cut spending less severely. same fight we have seen. >> you see...
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Jan 28, 2013
01/13
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on may 19th is what the debt ceiling has been extended to. what paul ryan is saying is that whatever bill comes out of the senate will call for more taxes and republicans in the house will not accept that. and if that then is the case then you get the cuts to the defense department and medicare. do i have that right? >> that is fundamentally correct. what we are looking at and what we'll see is whether or not the democrats in the senate insist that they sequester would be altered only by raising taxes and that is not going to happen. we j a $650 billion tax increase we are not going to do another one. these were cuts in law and they need to be altered. the president in his debate with governor romney said the sequester will not happen, and he's got to step up and help us work our way through that, because it does cut too much, in my opinion, the defense department. they've already had a big cut. this will be another big cut. and i think it's dangerous for the defense department and will do damage in a way that we should not do. bill: i mentio
on may 19th is what the debt ceiling has been extended to. what paul ryan is saying is that whatever bill comes out of the senate will call for more taxes and republicans in the house will not accept that. and if that then is the case then you get the cuts to the defense department and medicare. do i have that right? >> that is fundamentally correct. what we are looking at and what we'll see is whether or not the democrats in the senate insist that they sequester would be altered only by...
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Jan 22, 2013
01/13
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. >> reporter: bottom line republicans recognize this raising the debt ceiling issue isn't a very good one for them. working on deficit and spending budget is better for them. >> reporter: what do democrats say about passing a budget today. >> reporter: chuck schumer said the senate would pass a budget this year. the battle will be over spending cuts and what is included in that very budget. yesterday with the top congress alleaders at his inaugural luncheon president obama called for working together. >> i recognize that democracy is not always easy, and i recognize there are profound differences in this room, but i just want to say thank you for your service, and i want to thank your families for their service, because regardless of our political persuasions and perspectives, i know that all of us serve because we believe that we can make america for future generations. >> reporter: first challenge will be that debt ceiling vote tomorrow the first of many fiscal issues to be tackled in this new term. >> reporter: let the games begin. mike emanuel, thank you very much. what is the lik
. >> reporter: bottom line republicans recognize this raising the debt ceiling issue isn't a very good one for them. working on deficit and spending budget is better for them. >> reporter: what do democrats say about passing a budget today. >> reporter: chuck schumer said the senate would pass a budget this year. the battle will be over spending cuts and what is included in that very budget. yesterday with the top congress alleaders at his inaugural luncheon president obama...
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Jan 28, 2013
01/13
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the props for the market show that hopes for a debt ceiling will happen. germany and china are looking pretty good. you mention the corporate earnings. 68% of the companies are beating expectations. the questions you raise are very relevant. questions about whether the etf money is still coming into the market. durable goods and home sales and on wednesday we get the gdp figures which could keep the rally. >> we always keep tabs on the auto industry. pretty big news overnight from toyota? >> yes. they're number one globally between 2008 and 2010 in terms of vehicles sold. they got that crown back again this year in 2012 with 9.75 million vehicles sold. what's amazing about their retaking the number one position is they did it without china. they saw a 4.9% drop in china because of a territorial dispute between china and japan. they are looking for above average growth in 2013. very impressive status. >> steve, thank you very much. steve sedgwick, live in london. let us know why you're awake. give us an e-mail or tweet us@bshacklin. we'll read the best resp
the props for the market show that hopes for a debt ceiling will happen. germany and china are looking pretty good. you mention the corporate earnings. 68% of the companies are beating expectations. the questions you raise are very relevant. questions about whether the etf money is still coming into the market. durable goods and home sales and on wednesday we get the gdp figures which could keep the rally. >> we always keep tabs on the auto industry. pretty big news overnight from toyota?...
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Jan 24, 2013
01/13
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MSNBCW
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the debt ceiling debacle is postponed until may. the senate is close to a deal to reforming the filibuster. and we of course are waiting for the start of the nomination hearing for john kerry to be secretary of state. senator kerry is going before the committee that right now he chairs. foreign relations. and he'll be introduced by senators john mccain, by elizabeth warren and the current secretary of state, hillary clinton. it's expected to be very different than the fiery hearing yesterday in that very same room where secretary clinton made a passionate defense to republican senators aggressive questioning about what happened in benghazi. >> the fact is we had four dead americans. was it because of a protest or was it because of guys out for a walk one night who decided they would go kill some americans? what difference at this point does it make? it's our job to figure out what happened and do everything we can to prevent it from ever happening again, senator. >> i want to bring in ron, national correspondent and editorial direct
the debt ceiling debacle is postponed until may. the senate is close to a deal to reforming the filibuster. and we of course are waiting for the start of the nomination hearing for john kerry to be secretary of state. senator kerry is going before the committee that right now he chairs. foreign relations. and he'll be introduced by senators john mccain, by elizabeth warren and the current secretary of state, hillary clinton. it's expected to be very different than the fiery hearing yesterday in...
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Jan 22, 2013
01/13
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CNBC
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what she has to say about the debt ceiling standoff. >>> what a week it is going to be. "squawk on the street" is back in a minute. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> shares of research in motion are up sharply this morning, after the ceo said the ongoing review could potentially leetd to the sale of its handset business. plaque berry upgrades alone could in fact drive themes. the question in terms of if they do license their software platform, jim, who would they license to, since knockia is with microsoft, and samsung, motorola with android, so who is left to license w
what she has to say about the debt ceiling standoff. >>> what a week it is going to be. "squawk on the street" is back in a minute. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock....
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Jan 26, 2013
01/13
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CSPAN
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we are not going to just keep raising the debt ceiling, we are going to make a down payment on debt reduction and we are going to putt -- we are going to point the country in the right direction. we are going to cut spending. [applause] there will be times when conservatives disagree on the way forward. we never marched in lockstep. we can deliver it in private. all we should ask for each other is that we give an honest account of our actions and the reasons for them. we should challenge the left, not each other. if we take a prudent course we will be in very good company. take james madison. nowadays we call him the founder and the father of the constitution. but at the constitutional convention he lost key arguments. he fought to give each state the same number of seats in the senate. he wanted to give congress more power. he wanted them to be able to be tough state laws. in both cases, he argued vigorously for his side. in both sets -- in both cases he lost. when it came to ratify the when it came time to ratify the constitution, there was no better person than james madison. he led the ch
we are not going to just keep raising the debt ceiling, we are going to make a down payment on debt reduction and we are going to putt -- we are going to point the country in the right direction. we are going to cut spending. [applause] there will be times when conservatives disagree on the way forward. we never marched in lockstep. we can deliver it in private. all we should ask for each other is that we give an honest account of our actions and the reasons for them. we should challenge the...
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Jan 27, 2013
01/13
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CNNW
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we're talking about debt ceilings and fiscal cliffs and things like that. most things that i -- their kids future, they talk about their neighbor out of work, they talk about concerns they have with schools and transportation, things like that, those are relevant things, we need to be a party of growth and of opportunity, we need to be optimistic, relevant and courageous outside. >> social issues have been important to you, as a politician, as a person. can you stay the republican party, we understand we have disagreements, come on into the party any way. >> i think these issues of life and family and marriage kind of define who you are, people will differ on that, but if they know you care about the biggest things, roads, schools, quality of life, access to the american dream, more opportunity. they'll give you a chance. scott's point about proving the conservative government gets good results and the things that people care about. that's our road back and doing it with a smile, people will buy into our ideas. >> stand by a minute, we're going to have more
we're talking about debt ceilings and fiscal cliffs and things like that. most things that i -- their kids future, they talk about their neighbor out of work, they talk about concerns they have with schools and transportation, things like that, those are relevant things, we need to be a party of growth and of opportunity, we need to be optimistic, relevant and courageous outside. >> social issues have been important to you, as a politician, as a person. can you stay the republican party,...
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Jan 21, 2013
01/13
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WBAL
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ceiling. >> was it compromise or just a strategy to move a bigger fight down the road? >> i think it's an indication, a telltale sign about where the republicans are. four years ago, when the president was making that speech, republicans were meeting at night. >> exactly. >> deciding how to defeat him when he won for re-election. they lost that, big time. he had a very robust electoral victory and significant popular vote victory. now the republicans are in disarray, trying to organize their party so they have a future. and they're going to have to deal with the reality of that as well. it is a party that is so broken into a lot of parts on the gop side and there's going to have to be a lot of mending down and more outreach as well. >> couple of key areas. the president has focused on energy independence. people close to him say that could be an unlikely bipartisan legacy for president obama and health care. party line vote, divided the country. implementation will be tough. he will have to spend a lot of time on it to see results. >> immigration was an area shown to be
ceiling. >> was it compromise or just a strategy to move a bigger fight down the road? >> i think it's an indication, a telltale sign about where the republicans are. four years ago, when the president was making that speech, republicans were meeting at night. >> exactly. >> deciding how to defeat him when he won for re-election. they lost that, big time. he had a very robust electoral victory and significant popular vote victory. now the republicans are in disarray,...
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Jan 28, 2013
01/13
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WUSA
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cellin ceiling, you know, finally causes it to -- >> that is sort of baked in the cake. everybody expects they're going keep kicking it down the road. why, then, do we have a surge in stock market? >> one is that corporate profits are very good. but don't forget, corporate companies are holding that money aside. they don't want to reinvest. they're worried about the economy and it's not that helpful. the season reason is because the federal reserve has kept interest rates so, so low that there's almost no other place for people to put their money. so it's less a function of the real economy and more a function of the extra analynalties. >> so should people in america be hopeful about the economy and jobs? >> i think they should be. housing has turned around both in terms of available pricing, stock, new housing starts. it's not like it was in 2006 but it's better than it was in 2008. to whole issue of fracking may be something for environmentalists but there's no question it's creating jobs and growth. >> thank you, joe. >>> an unstoppable force marks yet another achieve
cellin ceiling, you know, finally causes it to -- >> that is sort of baked in the cake. everybody expects they're going keep kicking it down the road. why, then, do we have a surge in stock market? >> one is that corporate profits are very good. but don't forget, corporate companies are holding that money aside. they don't want to reinvest. they're worried about the economy and it's not that helpful. the season reason is because the federal reserve has kept interest rates so, so low...
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Jan 22, 2013
01/13
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so instead of saying the debt ceiling is here, we're not going to move. you're saying we're moving ahead of the crisis. can you get a budget together in three months? is that possible? >> it is. in fact, you're required by law to have it ready by april 1. the bum jet should be completed by april 1. let me take a step further if i may and that is what's the purpose of having a budget committee if they're not budgeting? you we pay that committee $15 million every bienyum to do their budget? why don't we get rid of them if they're not doing their job? we pay them more money than veteran affairs and they don't even do their job. i would be the first to proposal the budget committee if they're not doing their job. >> brian: thanks for shaking up the place. >> thanking for having me on. >> brian: i can't wait to have you in the aftermath. hopefully it will be a big thumbs up. >> thank you. >> brian: straight ahead, he founded the weather underground. the group that bombed the pentagon. perhaps not the best person to deliver a keynote address to teachers. the de
so instead of saying the debt ceiling is here, we're not going to move. you're saying we're moving ahead of the crisis. can you get a budget together in three months? is that possible? >> it is. in fact, you're required by law to have it ready by april 1. the bum jet should be completed by april 1. let me take a step further if i may and that is what's the purpose of having a budget committee if they're not budgeting? you we pay that committee $15 million every bienyum to do their budget?...
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Jan 24, 2013
01/13
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WRC
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the treasury has warned the country could default on some loans as early as next month if the debt ceiling isn't lifted. >>> 6:48 now. a local company reporting major losses. they say the reason is defense cuts. cnbc has more live. kayla, good morning. >>> good morning, aaron. general dynamics, one of the nation's biggest federal contractors, reported a huge quarterly loss on wednesday, blaming it largely on defense cuts. the company which is based in falls church, virginia, posted a $2 billion fourth quarter loss on lower than expected sales as shrinking government orders and writedowns hammered the maker of weapon and aircraft. stock dropped as much as 5% in trading before recovering to close up about 1%. analyst attribute that to reassuring comments from the company ceo. >>> the washington's dependence on government and defense contracts makes it vulnerable to the spending cuts put in place by president obama and congress between 2000 and 2010. government procurement spending grew by double digits. last year it fell by more than 5%. back to you. >> thank you. >>> redskins players are be
the treasury has warned the country could default on some loans as early as next month if the debt ceiling isn't lifted. >>> 6:48 now. a local company reporting major losses. they say the reason is defense cuts. cnbc has more live. kayla, good morning. >>> good morning, aaron. general dynamics, one of the nation's biggest federal contractors, reported a huge quarterly loss on wednesday, blaming it largely on defense cuts. the company which is based in falls church, virginia,...
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Jan 23, 2013
01/13
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debt ceiling for nearly four months. that bill is expected to get almost unanimous support from the republican caucus, meaning it will pass. democrats would prefer a longer term solution. senate majority leader harry reid has expressed support for the house bill. the white house says president obama won't stand in the way of it becoming law. ross? >> yeah. >>> we've been asking as a result here in davos how well u.s. lawmakers' persistent failure to come up with a permanent solution impact the u.s. economy. this is some of these views. >> the lack of decisions in the u.s., kicking the can down the road will be a drag. i think it will be a slower start in the united states as a result generally. >> actually very concerned because the issue is demography, medicare. it's not -- everybody focuses on the cost of running the state. about 15% to 20%. but in the short term, i think actually there will be answers. >> longer term, i think u.s. will be supported by the shale gas and the shale oil industry that is growing very fast
debt ceiling for nearly four months. that bill is expected to get almost unanimous support from the republican caucus, meaning it will pass. democrats would prefer a longer term solution. senate majority leader harry reid has expressed support for the house bill. the white house says president obama won't stand in the way of it becoming law. ross? >> yeah. >>> we've been asking as a result here in davos how well u.s. lawmakers' persistent failure to come up with a permanent...
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Jan 27, 2013
01/13
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MSNBC
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republicans agreed to raise the debt ceiling. that took away a little bit of their leverage going into negotiations at the end of february. here comes paul ryan. where has he been? he is making this line in the sand now. i think the white house is concerned because this could hurt the economy going forward if we go through these deep cuts and right now the white house is saying we need to keep the economy moving. we have to keep all eyes on that and continue to have growth and jobs. there is concern for the white house. >> ryan took one of his famous charts on "meet the press." you can tell immediately what he thinks the problem is, more spending cuts are needed. paul ryan says increasing revenue is off the table for now. the gop, the tax hikes during the fiscal cliff stuff. do they do it again? >> he was also asked and side stepped whether or not you could close loopholes. it is another way to get revenue. that is what david gregory asked him. he had a nonresponse response to that. there are other ways to get revenue than across
republicans agreed to raise the debt ceiling. that took away a little bit of their leverage going into negotiations at the end of february. here comes paul ryan. where has he been? he is making this line in the sand now. i think the white house is concerned because this could hurt the economy going forward if we go through these deep cuts and right now the white house is saying we need to keep the economy moving. we have to keep all eyes on that and continue to have growth and jobs. there is...
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Jan 27, 2013
01/13
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and they said, okay, we are going to delay the debt ceiling situation for now and want really address it, immediately, pushing the can down the road. is this proverbial constant delay, delay, delay until they can get anything together? >> i don't blame president obama for all of this. i do think he inherit the a very polarized nation. richard nixon and ronald reagan won re-election with 48 and 49 states. obama squeaked out a victory here. one thing obama has to do, even if it's not his fault, he has to lead the country. the nation is in an interesting position, where the right has turned very right and the red has turned very red and the blue is very blue. but on issues like immigration and the budget, i think there is a chance to move forward and i think the democrats on the hill will urge the president to work in a more bipartisan fashion, because if you look at the senate races in 2014, there is a lot of democratic senator who is have to get re-elected in swing or red states. so i think political reality is this -- they have to come together to get some things done or both sides wi
and they said, okay, we are going to delay the debt ceiling situation for now and want really address it, immediately, pushing the can down the road. is this proverbial constant delay, delay, delay until they can get anything together? >> i don't blame president obama for all of this. i do think he inherit the a very polarized nation. richard nixon and ronald reagan won re-election with 48 and 49 states. obama squeaked out a victory here. one thing obama has to do, even if it's not his...
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Jan 22, 2013
01/13
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KRON
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the focus shifts to pressing issues including the debt ceiling, gun control and immigration reform. however, today both the present and the first lady along with the items will attend the national prayer service at the national cathedral. the white house will hold a press briefing today as well as congress returns to work. >> marin county went ahead with its firearm surrender even despising having run out of money during a similar event last week. as i was a voluntary surrender some money was handed out. 29 of for given our law enforcement and collection site in mill valley including one ar-15 assault rifle. more than 800 weapons were handed over from both events and they're expected to be destroyed. the district attorney says the marin county foundation has pledged to give his office $15,000 to help them reimburses $60,000 in vouchers given out last week. private citizens have also built at an estimated $2,000 in checks to donate to the cause. >> coming up on the kron4 morning news the investigation into the bowling dream liner continues with more tense today. and if you're traveli
the focus shifts to pressing issues including the debt ceiling, gun control and immigration reform. however, today both the present and the first lady along with the items will attend the national prayer service at the national cathedral. the white house will hold a press briefing today as well as congress returns to work. >> marin county went ahead with its firearm surrender even despising having run out of money during a similar event last week. as i was a voluntary surrender some money...
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Jan 28, 2013
01/13
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MSNBC
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and they're willing to go over the -- to let the debt ceiling collapse. they were willing to shut down the government. that's not really the kind of thing that -- that speaks to a new direction for this party. >> john, we're talking about immigration reform, right, today. is this the pivot point. is this where you might see republicans come together with democrats? >> it could be. i do think, though, i've seen this before where the senate come up with a plan without any input from the house. and then the house decides not to do it. >> right. >> i think this is the problem. that you've got to have cooperation. i do think there are some ways you can make it easier for people to get citizenship without actually getting into amnesty. and i think that finding that trick is going to be difficult but can be achieved. i do think that for republicans, it makes a lot of sense strategically to get immigration passed. if we're going to have a good conversation with hispanic voters, we can't do it in the context of holding up immigration reform. it also has a real big
and they're willing to go over the -- to let the debt ceiling collapse. they were willing to shut down the government. that's not really the kind of thing that -- that speaks to a new direction for this party. >> john, we're talking about immigration reform, right, today. is this the pivot point. is this where you might see republicans come together with democrats? >> it could be. i do think, though, i've seen this before where the senate come up with a plan without any input from...